FedEx Sues USA for Tariff Refunds Following Supreme Court Ruling

FedEx filed a lawsuit against the USA seeking a full refund for tariffs deemed illegal by the U.S. Supreme Court after Donald Trump used the International Emergency Economic Powers Act to impose the duties.The logistics giant joined other major corporations like Costco and Revlon in the U.S. Court of International Trade following a ruling that invalidated specific trade policies but did not impact tariffs on steel.While Donald Trump has since responded by implementing a new 15% global tariff under a different law, FedEx is moving to recover its payments with interest to mitigate a projected $1 billion profit loss.